Just in time

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Just in time (JIT) is an inventory management philosophy that focuses on purchasing raw materials just in time for production and completmg fmished goods just in time for delivery to customers.

Definitions

According to Managerial Accounting by Braun, Tietz (5th edition),

Just in time (JIT). An inventory management philosophy that focuses on purchasing raw materials just in time for production and completmg fmished goods just in time for delivery to customers.
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